In 2010, Bob Johnson, the owner of the Bobcats (the predecessor of the Hornets), decided to sell the team, and Joe Gang at the time was rich and bought 65% of the entire team to become the team's big owner.
Thirteen years on, Joe Gang owners are interested in selling a majority stake in the team to a group led by Hornets owner Gabe Plotkin and Atlanta Hawks owner Rick Schnarr.
Why did the Joe gang owner resell the Hornets? Let's take a look:
Unable to withstand the physical and psychological devastation, I finally decided to give up.
From the confidence of buying the team to the sad tears when selling the team, 13 years have made Joe feel the ruthlessness and ruthlessness off the field. Roughly calculated, Joe has played in the NBA for exactly 13 years.
Good reincarnation of heaven! Joe's gang owner, who once ravaged opponents on the court like chopping melons and chopping vegetables, took over the Hornets and was chased and blocked by other teams. In 10 years, the Hornets only made the playoffs once, and that year's NBA was a shrinking season, with the Hornets 43-39, ranking seventh in the East. If it is placed in the West, it is estimated that it will be outside the top ten and will not be able to enter the playoffs.
Not to mention the fact that you can't make the playoffs, the most fatal problem is that the team doesn't have decent stars, and the whole team doesn't play well. Only two similar stars have been produced, one is Gerard Wallace and the other is Kemba Walker. The former's hard work is still respected, and the latter only attacks and does not retreat. I thought I hit a three-pointer, and the scene of turning around and shaking my head made the fans disgusted. It's now reduced to a point where there is no ball to play.
The Hornets' home court attendance is at the bottom of the league, and not too many fans watch the game, because in their opinion, there are no stars to talk about, compared to other teams, it is really not good-looking.
With so much money invested every year, the playoffs can't get in, the court attendance in regular season time is not high, and the players neither fight for themselves nor for the owner, so that Joe Gang really has no intention of running the team, and finally decided to give up.
Playing is unbeatable, management is a mess.
In terms of ball skills and leadership, Joe Gang Master is indeed unmatched! Otherwise, it will be called the god of basketball!
He reached the finals six times, winning all of them. Six Finals MVPs, five Regular Season MVPs, and ten Scoring Champions. These accolades are unattainable for any NBA player.
For teams that have not made the playoffs all year round, the rebuilding of the team will definitely be considered. Since we want to rebuild, we must bring in young and promising players. Like the Spurs this season, Popovich's desire to fight for a top pick at the end of this season and use it to rebuild next year illustrates this problem.
And what about Joe Gang Lord's Wasps? Every year is rotten, you can't find excellent player seedlings, you can't cultivate top players, fans don't buy it, and you can't move the ball market to operate, forming a vicious circle.
How much money did he earn in 13 years? Let's take a look:
In 2010, the Bobcats lost money for years due to poor management, so the original owner sold the Bobcats to Jordan for $275 million at the suggestion of the league.
According to Forbes, the average market capitalization of the 30 teams in the NBA league today can reach $2.86 billion. The Hornets are ranked 3rd from bottom by market capitalization, but even so, the total market capitalization is as much as $1.7 billion. So Jordan, who owns 65% of the shares, can easily make more than $1 billion if he sells his shares in the team. I have to say that Boss Qiao really made a lot of money.
Written in the back words: God also has a tired time, as a netizen said: To be honest, the Hornets were run by Boss Joe's sparseness, since Jordan took over the Hornets, the Hornets are almost NBA, the most non-existent team, in addition to choosing a three-ball, but also barely said the past, the rest basically do not know what the Hornets are doing, feel that they are playing soy sauce every year, competing for the title, but they have not seen any good players selected.
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